eBay Inc. (NASDAQ:EBAY) Q3 2024 Earnings Conference Call October 30, 2024 5:30 PM ET

Company Participants

John Egbert - Vice President, Investor Relations
Jamie Iannone - Chief Executive Officer
Steve Priest - Chief Financial Officer

Conference Call Participants

Ygal Arounian - Citigroup
Justin Post - Bank of America
Lee Horowitz - Deutsche Bank
Colin Sebastian - Baird
Nathan Feather - Morgan Stanley
Nikhil Devnani - Bernstein
Tom Champion - Piper Sandler
Michael Morton - MoffettNathanson

Operator

Thank you for standing by, and welcome to the eBay Third Quarter 2024 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speaker remarks, there will be a question-and-answer session. [Operator Instructions] Thank you.

I'd now like to turn the call over to John Egbert, Vice President of Investor Relations. You may begin.

John Egbert

Good afternoon. Thank you all for joining us for eBay's third quarter 2024 earnings conference call. Joining me today on the call are Jamie Iannone, our Chief Executive Officer; and Steve Priest, our Chief Financial Officer.

We're providing a slide presentation to accompany our commentary during he call, which is available through the Investor Relations section of the eBay website at investors.ebayinc.com.

Before we begin, I'll remind you that this conference call, we will discuss certain non-GAAP measures related to our performance. You can find reconciliation of these measures to the nearest comparable GAAP measures in our accompanying slide presentation.

Additionally, all growth rates noted in our prepared remarks will reflect organic FX-neutral year-over-year comparisons, and all earnings per share amounts reflect earnings per diluted share, unless indicated otherwise. During this conference call, management will make forward-looking statements including, without limitation, statements regarding our future performance and expected financial results. These forward-looking statements involve known and unknown risks and uncertainties.

Our actual results may differ materially from our forecast for a variety of reasons. You can find more information about risks, uncertainties and other factors that could affect our operating results in our most recent periodic reports on Form 10-K, Form 10-Q and our earnings release from earlier today. You should not rely on any forward-looking statements. All information in this presentation is as of October 30, 2024. We do not intend and undertake no duty to update this information.

With that, I'll turn the call over to Jamie.

Jamie Iannone

Thanks, John. Good afternoon, everyone, and thank you all for joining us today. Q3 was another strong quarter for eBay as our gross merchandise volume grew by over 1% to $18.3 billion, marking our second straight quarter of positive GMV growth. Revenue increased by more than 3% to $2.58 billion. Non-GAAP operating income grew by 6% and we grew non-GAAP earnings per share by 16% to $1.19.